Republic of Mozambique: Selected Issues
IMF Staff Country Reports, January 8, 2016
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- Canonical URL
- Republic of Mozambique: Selected Issues
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Bibliographic details
- Published: January 8, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513539065.002
Overview
- Examines the macroeconomic and fiscal implications of natural gas project for Mozambique.
- Analysis is based on the IMF Fiscal Analysis of Resource Industries model.
- Emphasizes that while the economic potential is tremendous, outcomes are sensitive to international commodity price developments and other risk factors.
Key findings
- By the mid-2020s, half of the country’s output will be generated by natural gas.
- Fiscal revenues from the projects will remain moderate until the mid-2020s because of large depreciation costs for gas liquefaction facilities.
Macroeconomic and fiscal implications
- Large expected contribution of natural gas to GDP by the mid-2020s.
- Delayed fiscal benefits due to depreciation costs associated with gas liquefaction infrastructure.
- Sensitivity of macroeconomic and fiscal outcomes to international commodity price developments and other risk factors.
Policy implications and recommendations
- Government authorities would be well-advised in taking a cautious approach given sensitivity to commodity prices and other risks.
- Implicit recommendation to manage fiscal expectations and plan for moderate near-term fiscal revenues despite large GDP contributions from gas.
Publication and document metadata
- Pages: 29
- Volume: 2016
- Issue: 010
- Series: Country Report No. 2016/010
- DOI: https://doi.org/10.5089/9781513539065.002
- Stock No: 1MOZEA2016002
- ISBN: 9781513539065
- ISSN: 1934-7685
Republic of Mozambique: Selected Issues — IMF Staff Country Reports (2016/010).
Content in this bundle
- Republic of Mozambique: Selected Issues; IMF Country Report No. 16/10, December 4, 2015
- República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015
- [República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015 (Markdown version)](/-/media/websites/imf/imported-publications/external/lang/portuguese/pubs/ft/scr/2016/_cr1610p.pdf.md){rel="alternate" type="text/markdown"}
- [República de Moçambique: Temas Selecionados; Relatório do FMI n.o [16/10]; 4 de Dezembro de 2015 (PDF)](/-/media/websites/imf/imported-publications/external/lang/portuguese/pubs/ft/scr/2016/_cr1610p.pdf){rel="external" type="application/pdf"}